SEC Comment Letter for Atlas Lithium Corp (ATLX) (CIK 0001540684) (ATLX) — Sep 17, 2014
Atlas Lithium Corp (ATLX) (CIK 0001540684)
Date: Sept. 17, 2014 · CIK: 0001540684 · Accession: 0000000000-14-046676
AI Filing Summary & Sentiment
Reasoning
Referenced dates: August 7, 2014
Letter
September 17 , 2014 Via E -mail Mr. Marc Fogassa Chief Executive Officer Brazil Minerals, Inc. 155 North Lake Avenue, Suite 800 Pasadena, CA 91101
Re: Brazil Minerals, Inc. Amendment No. 3 to Registration Statement on Form 10 Amendment No. 3 to Form 10 -K for Fiscal Year Ended December 31, 2013 Filed September 9, 2014 File No. 000 -55191
Dear Mr. Fogassa :
We have reviewed your filing and have the following comments. In so me of our comments, we may ask you to provide us with information so we may better understand your disclosure.
Please respond to this letter within ten business days by amending your filing, by providing the requested information, or by advising us when y ou will provide the requested response. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response.
After reviewing any amendment to your filing and the in formation you provide in response to these comments, we may have additional comments.
Executive Compensation, page 28
1. We note the revi sions made in response to comment 3 in our letter dated August 7, 2014 . However, the total compensation has not been revised to reflect the changes made in the summary compensation table. Please revise. In addition, please remove footnote C as such disclosure is inconsistent with Item 402 of Regulation S -K.
Certain Relationships and Related Transactions, page 30
2. We r eissue comment 6 in our letter dated August 7, 2014 . Please provide the d isclosure required by Item 404(a )(5) of Regulation S -K for each debt transaction.
Mr. Marc Fogassa Brazil Minerals, Inc. September 17 , 2014 Page 2
Please contact Tiffan y Posil at (202) 551 -3589 or Pamela Howell at (202) 551 - 3357 with any questions.
Sincerely,
/s/ Pamela Howell
for
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September 17 , 2014 Via E -mail Mr. Marc Fogassa Chief Executive Officer Brazil Minerals, Inc. 155 North Lake Avenue, Suite 800 Pasadena, CA 91101 Re: Brazil Minerals, Inc. Amendment No. 3 to Registration Statement on Form 10 Amendment No. 3 to Form 10 -K for Fiscal Year Ended December 31, 2013 Filed September 9, 2014 File No. 000 -55191 Dear Mr. Fogassa : We have reviewed your filing and have the following comments. In so me of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter within ten business days by amending your filing, by providing the requested information, or by advising us when y ou will provide the requested response. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your filing and the in formation you provide in response to these comments, we may have additional comments. Executive Compensation, page 28 1. We note the revi sions made in response to comment 3 in our letter dated August 7, 2014 . However, the total compensation has not been revised to reflect the changes made in the summary compensation table. Please revise. In addition, please remove footnote C as such disclosure is inconsistent with Item 402 of Regulation S -K. Certain Relationships and Related Transactions, page 30 2. We r eissue comment 6 in our letter dated August 7, 2014 . Please provide the d isclosure required by Item 404(a )(5) of Regulation S -K for each debt transaction. Mr. Marc Fogassa Brazil Minerals, Inc. September 17 , 2014 Page 2 Please contact Tiffan y Posil at (202) 551 -3589 or Pamela Howell at (202) 551 - 3357 with any questions. Sincerely, /s/ Pamela Howell for John Reynolds Assistant Director cc: Via E -mail Jay Weil, Esq.